This research examined the characteristics of people who transition into, and out of, low- and moderate-risk gambling. It uses data from three waves of the Tasmanian Longitudinal Gambling Study and data from a sample of people experiencing problem gambling who engaged in an online self-directed treatment program (GamblingLess). The study found that the motivations and triggers that lead to participation in gambling activities, including the desire to gamble for leisure as well as experiencing positive or negative moods, were consistently linked to transitions to and from low- and moderate-risk gambling. It also found that the only predictor for the transition from problem gambling to low- or moderate-risk gambling was receiving in-person or distance-based support for gambling during the past month.